Exhibit 12.1
PLY GEM HOLDINGS, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED STOCK DIVIDENDS
| Fiscal Year Ended December 31, | Six Months Ended | |||||||||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | July 2, 2016 | July 4, 2015 | ||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||
| Earnings: |
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| Earnings (loss) from continuing operations |
$ | 32,288 | $ | (31,269 | ) | $ | (79,520 | ) | $ | (39,055 | ) | $ | (84,507 | ) | $ | 14,069 | $ | (18,487 | ) | |||||||||
| Provision (benefit) for income taxes |
(688 | ) | (105 | ) | 298 | 2,835 | 683 | 531 | (3,876 | ) | ||||||||||||||||||
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| Earnings (loss) |
31,600 | (31,374 | ) | (79,222 | ) | (36,220 | ) | (83,824 | ) | 14,600 | (22,363 | ) | ||||||||||||||||
| Fixed charges: |
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| Interest expense including amortization of debt expense and discount (premium) |
74,876 | 71,269 | 92,046 | 103,133 | 101,488 | 37,226 | 37,792 | |||||||||||||||||||||
| Interest portion of rental expense |
12,532 | 11,532 | 10,699 | 8,666 | 8,199 | 6,893 | 6,266 | |||||||||||||||||||||
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| Fixed charges |
87,408 | 82,801 | 102,745 | 111,799 | 109,687 | 44,119 | 36,258 | |||||||||||||||||||||
| Earnings available for fixed charges |
$ | 119,008 | $ | 51,427 | $ | 23,523 | $ | 75,579 | $ | 25,863 | $ | 58,719 | $ | 13,895 | ||||||||||||||
| Ratio of earnings to fixed charges (1) |
1.4x | — | — | — | — | 1.3x | — | |||||||||||||||||||||
| (1) | For the years ended December 31, 2014, 2013, 2012, and 2011, the deficiency in the ratio of earnings to fixed charges to achieve a one to one ratio was $31.4 million, $79.2 million, $36.2 million, and $83.8 million, respectively. For the six months ended July 4, 2015, the deficiency in the ratio of earnings to fixed charges to achieve a one to one ratio was $22.4 million. |